Advantages of a sole proprietorship are:
A. There is very little paperwork involved in opening a sole proprietorship.
B. The owner of a sole proprietorship controls the business completely.
C. The accounting of income, and the payment of income tax of a sole proprietorship is very simple.
D. The sole proprietor has unlimited liability to creditors.
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Disadvantages of a sole proprietorship are:
A. It may be difficult to raise money to finance the business, or to grow the business larger.
B. The owner of a sole proprietorship controls the business completely.
C. The accounting of income, and the payment of income tax of a sole proprietorship is very simple.
D. The sole proprietor has unlimited liability to creditors.
All income of a sole proprietorship is income of the sole proprietor.
A. 对
B. 错
If the business loses money, and the assets of the business are insufficient to pay the business debts, the sole proprietor is not responsible to pay those debts.
A. 对
B. 错
The sole proprietor cannot seek investors for the business, because those investors would not be able to have any ownership interest in the business if it remains a sole proprietorship.
A. 对
B. 错
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